The Hourly View for HD
Last Updated January 18, 2021, 02:05 GMT
Currently, Home Depot’s price is up $3.38 (1.26%) from the hour prior. Home Depot has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Home Depot Inc Daily Price Recap
275.59 was the closing price of the day for Home Depot Inc, resulting in today being one in which price moved up 2.7% ($7.25) from the day prior. As for how volume fared, yesterday’s volume was up 9.67% from the previous day (Saturday), and up 28.8% from Sunday of the week before. Let’s take a look at the daily price chart of Home Depot Inc.
Home Depot Inc Technical Analysis
First things first: Home Depot Inc crossed above its 20, 50 and 100 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days. Price action traders may also wish to note the presence of a bullish engulfing pattern in the midst of the downtrend on the 14, 90 and 30 day charts, which may signal the trend is concluding.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about HD:
$SPY So we are looking (& hoping) for a Tues dip before the Biden Bull run. All teh spending into Infracture this year give $HD $CAT $LOW $DE & good base to pop,
Remember, Markets have performed better under Democrats , Thats the facts & data & the rest it just unhappy & bitter talk
I deal w/ facts